Jin Rong Jie·2025-08-26 01:03Market Overview - On August 25, US stock indices collectively declined, with the Dow Jones down by 349.27 points to 45282.47, a drop of 0.77%; the Nasdaq fell by 47.24 points to 21449.29, a decrease of 0.22%; and the S&P 500 dropped by 27.59 points to 6439.32, a decline of 0.43% [1] Technology Sector - Major tech stocks showed mixed performance, with Tesla rising by 1.94%, Google increasing by over 1%, and Nvidia also up by over 1%. In contrast, Microsoft fell by 0.59%, Amazon by 0.39%, Apple by 0.26%, and Facebook by 0.2% [3] - Nvidia announced the launch of the Drive AGX Thor development kit, available for pre-order starting immediately, with shipments beginning in September. This kit is designed to accelerate the design, testing, and deployment of autonomous vehicles and smart transportation solutions [3] - Nvidia also launched the Jetson AGX Thor developer kit and production module for robotics applications, with a starting price of $3499, now available for global customers including those in China [3] - Intel stated that Trump's US stockholding plan poses business risks. On August 22, Intel announced an agreement with the US federal government for an $8.9 billion investment, acquiring 433.3 million shares of Intel common stock at $20.47 per share, representing 9.9% of the company [3] Banking Sector - Most bank stocks declined, with JPMorgan down by 0.49%, Goldman Sachs by 0.45%, Citigroup by 0.31%, and Morgan Stanley by 0.25%. However, Bank of America rose by 0.04%, and Wells Fargo increased by over 1% [3] Chinese Stocks - Chinese stocks showed mixed results, with the Nasdaq Golden Dragon China Index up by 0.11%. Notable gainers included Daqo New Energy up by over 4%, Melco Resorts up by over 3%, and NetEase up by over 2%. Conversely, Newegg fell by over 15%, DaJiang Cloud Warehouse dropped by over 9%, and SMIC declined by over 5% [4] Economic Indicators - According to the CME Group's FedWatch tool, traders currently estimate an 84% probability of a Federal Reserve rate cut in September [5] - The London Stock Exchange was closed, while other major European indices reported declines, with the CAC40 index in Paris down by 126.65 points to 7843.04, a drop of 1.59%, and the DAX index in Frankfurt down by 89.97 points to 24273.12, a decrease of 0.37% [5]